here - United Kingdom Parliament
Share Embed Flag
Download ePaper

here - United Kingdom Parliament

here - United Kingdom Parliament here - United Kingdom Parliament

publications.parliament.uk
from publications.parliament.uk More from this publisher
04.06.2014 Views

841W Written Answers 1 DECEMBER 2010 Written Answers 842W (2) what assessment he has made of the likely effect on house prices of the mortgage market proposals made by the Financial Services Authority; and if he will make a statement. [27484] Mr Hoban: The Government are committed to a healthy housing and mortgage market. The Financial Services Authority (FSA) is conducting a wholesale review of mortgage regulation in the UK, the ‘Mortgage Market Review’. The Government believe that it is right for the FSA to ensure that the UK mortgage market has responsible lending practices. We will continue to work with the FSA, mortgage lenders and intermediaries, and consumer groups to ensure a mortgage market that is sustainable for all participants. The FSA published ‘Mortgage Market Review: Responsible Lending’ in July which sets out the detail of some of the proposed changes. This paper forms one part of an ongoing consultation process. The FSA has stated that they will fully assess the potential impact on the market before implementing any rule changes. Further, the FSA will consult in 2011 on transitional measures to help mitigate any adverse effects on existing borrowers. Mr Syms: To ask the Chancellor of the Exchequer (1) whether he has assessed the effect of the mortgage market proposals made by the Financial Services Authority on small businesses with a turnover under £1 million; [27533] (2) whether he has assessed the effect of the Financial Services Authority’s mortgage market review proposals on the (a) availability of mortgages and (b) operation of the housing market; and if he will make a statement; [27534] (3) whether he has discussed with the Council of Mortgage Lenders the proposals on responsible lending made by the Financial Services Authority and their likely effect on the housing market; [27535] (4) if he will take steps to ensure that the implementation of the Financial Services Authority’s mortgage market review proposals does not have a negative effect on home-buyers and the housing market; [27536] (5) what estimate he has made of the number of borrowers who may not be able to take out remortgages following the introduction of the Financial Services Authority’s proposals for the mortgage market; and if he will bring forward measures to assist such borrowers; [27539] (6) what estimate he has made of the number of mortgages granted since 2005 which would not have been issued under the Financial Services Authority’s proposals for the mortgage market; [27540] (7) if he will take steps to ensure that (a) self-employed and (b) other homebuyers with variable incomes will be able to obtain mortgages under the Financial Services Authority’s proposals for the mortgage market; [27544] (8) what assessment he has made of the likely effects of implementation of the Financial Services Authority’s proposals on availability of mortgage finance on homeownership in the UK. [27537] Mr Hoban: The Government are committed to a healthy housing and mortgage market. The Financial Services Authority (FSA) is conducting a wholesale review of mortgage regulation in the UK, the ‘Mortgage Market Review’. The Government believe that it is right for the FSA to ensure that the UK mortgage market has responsible lending practices. We will continue to work with the FSA, mortgage lenders and intermediaries, and consumer groups to ensure a mortgage market that is sustainable for all participants. The FSA published ‘Mortgage Market Review: Responsible Lending in July’, which sets out the details of some of the proposed changes. This paper forms one part of an ongoing consultation process. The FSA has stated that they will fully assess the potential impact on the market before implementing any rule changes. Further, the FSA will consult in 2011 on transitional measures to help mitigate any adverse effects on existing borrowers. Treasury Ministers and officials have discussions with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. As was the case with previous Administrations, it is not the Government’s practice to provide details of all such discussions. Private Finance Initiative: Newton Abbot Anne Marie Morris: To ask the Chancellor of the Exchequer what schemes under the Private Finance Initiative there are in Newton Abbot constituency. [26022] Danny Alexander: A list of signed and in procurement PFI projects can be found on HM Treasury’s website at: http://www.hm-treasury.gov.uk/ppp_pfi_stats.htm For each PFI project, this list details the project name, the capital value, the constituency, the procuring authority and whether it is on or off balance sheet; as used by the ONS in calculating public sector net debt. This indicates that there are currently no PFI projects in the Newton Abbot constituency. Revenue and Customs: Marketing Priti Patel: To ask the Chancellor of the Exchequer pursuant to the answer of 23 November 2010, Official Report, column 274W, on incentives, from which of its budgets HM Revenue and Customs funds expenditure on promotional material; and how much has been spent from each such budget in each of the last three years. [27477] Mr Gauke: In HMRC, promotional items may be printed paper, office supplies or non paper items. These items will have been purchased via a range of budgets including commodities such as print, paper/stationery. From these budgets promotional materials are not identifiable from other items and cannot be disaggregated except at disproportionate cost. No central record is held of the spend on promotional materials and is not available except at disproportionate cost.

843W Written Answers 1 DECEMBER 2010 Written Answers 844W Tax Yields Mr Byrne: To ask the Chancellor of the Exchequer how much revenue his Department raised through (a) personal, (b) direct business, (c) consumption, (d) property and (e) environmental taxes from the (i) business services, (ii) education, health and social work, (iii) financial intermediation, (iv) manufacturing, (v) other wholesale and retail trade, (vi) transport services, (vii) construction, (viii) real estate and renting, (ix) public administration, (x) oil and gas extraction, (xi) insurance and pension funding, (xii) hotels and restaurants, (xiii) recreational and social activities, (xiv) postal and telecommunications, (xv) other services, (xvi) energy, gas and water supply, (xvii) agriculture, forestry and fishing and (xviii) mining and quarrying except oil and gas sector in each financial year since 1997-98. [22559] Mr Gauke: The full breakdown of tax receipts outlined in the question is not available. HMRC produce a breakdown by broad industrial sector for corporation tax, PAYE income tax and class 1 national insurance contributions (NICs) and value added tax (VAT). Historical figures for corporation tax receipts paid by several broadly-defined business sectors are regularly updated and published in table 11.1 on the HMRC National Statistics website. Receipts information is available from 1997-98 to 2009-10. The sectors are defined by HMRC’s Summary Trade Classifications. The latest update is available here: http://www.hmrc.gov.uk/stats/corporate_tax/table11_1.pdf PAYE income tax and class 1 NICs received by HMRC in respect of employee and employer liabilities are split by sector as follows: £ billion Sector 1999-2000 2000-01 2001-02 2002-03 2003-04 2004-05 Agriculture, Hunting 664 630 598 617 676 730 and Forestry Mining and Quarrying 701 762 675 673 654 669 Manufacturing 24,185 24,752 23,925 23,731 25,133 25,696 Electricity, Gas and 1,225 1,229 1,118 1,089 1,098 1,135 Water Supply Construction 6,981 7,597 8,200 8,974 10,164 10,751 Wholesale and Retail 14,944 15,824 15,978 17,025 18,733 19,729 Trade Hotels and Restaurants 2,314 2,457 2,558 2,806 3,200 3,450 Transport, Storage and 8,779 9,801 10,139 10,104 10,912 11,939 Communication Financial 11,866 15,525 15,115 15,536 17,001 18,739 Intermediation Real Estate, Renting 22,830 26,582 28,050 27,948 29,567 32,221 and Business Activities Public Administration 6,086 5,899 5,994 6,293 7,525 10,544 and Defence Education 11,441 12,442 13,206 14,105 16,274 17,498 Health and Social Work 8,648 9,035 9,659 10,845 12,959 14,598 Other Community, Social and Personal Service Activities 4,060 4,527 4,747 5,026 5,691 6,169 Occupational Pensions 5,989 6,300 6,561 6,671 6,752 7,166 Other 645 1,384 2,385 1,920 1,547 1,676 Total 131,358 144,748 148,905 153,363 167,887 182,709 £ billion Sector 2005-06 2006-07 2007-08 2008-09 2009-10 Accounting Adjustment 765 782 839 865 858 Sector 757 829 864 961 982 Agriculture, Hunting and Forestry 25,898 26,570 27,355 26,056 23,464 Mining and Quarrying 1,135 1,253 1,429 1,519 1,514 Manufacturing 11,575 12,428 14,236 13,779 11,896 Wholesale and Retail Trade 20,554 21,512 22,895 22,574 21,339 Construction 3,640 3,891 4,046 3,857 3,732 Wholesale and Retail Trade 12,676 12,826 13,125 13,062 12,289 Hotels and Restaurants 20,673 24,085 26,160 23,691 23,184 Real Estate, Renting and Business Activities 35,182 38,996 44,009 45,581 43,286 Public Administration and Defence 11,324 11,658 11,965 11,821 12,476 Real Estate, Renting and Business 18,456 19,422 20,133 20,487 20,747 Public Administration and Defence 16,167 17,454 17,735 18,385 19,530

843W<br />

Written Answers<br />

1 DECEMBER 2010<br />

Written Answers<br />

844W<br />

Tax Yields<br />

Mr Byrne: To ask the Chancellor of the Exchequer<br />

how much revenue his Department raised through (a)<br />

personal, (b) direct business, (c) consumption, (d)<br />

property and (e) environmental taxes from the (i)<br />

business services, (ii) education, health and social work,<br />

(iii) financial intermediation, (iv) manufacturing, (v)<br />

other wholesale and retail trade, (vi) transport services,<br />

(vii) construction, (viii) real estate and renting, (ix)<br />

public administration, (x) oil and gas extraction, (xi)<br />

insurance and pension funding, (xii) hotels and<br />

restaurants, (xiii) recreational and social activities, (xiv)<br />

postal and telecommunications, (xv) other services,<br />

(xvi) energy, gas and water supply, (xvii) agriculture,<br />

forestry and fishing and (xviii) mining and quarrying<br />

except oil and gas sector in each financial year since<br />

1997-98. [22559]<br />

Mr Gauke: The full breakdown of tax receipts outlined<br />

in the question is not available.<br />

HMRC produce a breakdown by broad industrial<br />

sector for corporation tax, PAYE income tax and class 1<br />

national insurance contributions (NICs) and value added<br />

tax (VAT).<br />

Historical figures for corporation tax receipts paid by<br />

several broadly-defined business sectors are regularly<br />

updated and published in table 11.1 on the HMRC<br />

National Statistics website. Receipts information is available<br />

from 1997-98 to 2009-10. The sectors are defined by<br />

HMRC’s Summary Trade Classifications. The latest<br />

update is available <strong>here</strong>:<br />

http://www.hmrc.gov.uk/stats/corporate_tax/table11_1.pdf<br />

PAYE income tax and class 1 NICs received by<br />

HMRC in respect of employee and employer liabilities<br />

are split by sector as follows:<br />

£ billion<br />

Sector 1999-2000 2000-01 2001-02 2002-03 2003-04 2004-05<br />

Agriculture, Hunting<br />

664 630 598 617 676 730<br />

and Forestry<br />

Mining and Quarrying 701 762 675 673 654 669<br />

Manufacturing 24,185 24,752 23,925 23,731 25,133 25,696<br />

Electricity, Gas and<br />

1,225 1,229 1,118 1,089 1,098 1,135<br />

Water Supply<br />

Construction 6,981 7,597 8,200 8,974 10,164 10,751<br />

Wholesale and Retail<br />

14,944 15,824 15,978 17,025 18,733 19,729<br />

Trade<br />

Hotels and Restaurants 2,314 2,457 2,558 2,806 3,200 3,450<br />

Transport, Storage and<br />

8,779 9,801 10,139 10,104 10,912 11,939<br />

Communication<br />

Financial<br />

11,866 15,525 15,115 15,536 17,001 18,739<br />

Intermediation<br />

Real Estate, Renting<br />

22,830 26,582 28,050 27,948 29,567 32,221<br />

and Business Activities<br />

Public Administration<br />

6,086 5,899 5,994 6,293 7,525 10,544<br />

and Defence<br />

Education 11,441 12,442 13,206 14,105 16,274 17,498<br />

Health and Social Work 8,648 9,035 9,659 10,845 12,959 14,598<br />

Other Community,<br />

Social and Personal<br />

Service Activities<br />

4,060 4,527 4,747 5,026 5,691 6,169<br />

Occupational Pensions 5,989 6,300 6,561 6,671 6,752 7,166<br />

Other 645 1,384 2,385 1,920 1,547 1,676<br />

Total 131,358 144,748 148,905 153,363 167,887 182,709<br />

£ billion<br />

Sector 2005-06 2006-07 2007-08 2008-09 2009-10<br />

Accounting Adjustment 765 782 839 865 858<br />

Sector 757 829 864 961 982<br />

Agriculture, Hunting and Forestry 25,898 26,570 27,355 26,056 23,464<br />

Mining and Quarrying 1,135 1,253 1,429 1,519 1,514<br />

Manufacturing 11,575 12,428 14,236 13,779 11,896<br />

Wholesale and Retail Trade 20,554 21,512 22,895 22,574 21,339<br />

Construction 3,640 3,891 4,046 3,857 3,732<br />

Wholesale and Retail Trade 12,676 12,826 13,125 13,062 12,289<br />

Hotels and Restaurants 20,673 24,085 26,160 23,691 23,184<br />

Real Estate, Renting and Business Activities 35,182 38,996 44,009 45,581 43,286<br />

Public Administration and Defence 11,324 11,658 11,965 11,821 12,476<br />

Real Estate, Renting and Business 18,456 19,422 20,133 20,487 20,747<br />

Public Administration and Defence 16,167 17,454 17,735 18,385 19,530

logo

products

Resources

Company

Terms of service
Privacy policy
Cookie policy
Cookie settings
Imprint
Change language
Made with love in Switzerland
© 2024 Yumpu.com all rights reserved

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!